BA, Boeing update

Then and now;

BA july 12 2013ba nov 22 2013

Again we got it wrong. We did not expect the stock to move much above $105  in the B-wave. Having said that the wave count itself still looks to be just fine so we would expect, at the very least, that the doubling in the last year will be completely retraced and then some. Most other technical indicators , such as RSI and MACD more or less confirm this. The p/e was close to 24x, pretty rich for this kind of industrial company. For the gutsy types this may be worth doing a put on.